End Game?

[BrewMaster]

Complete idiots are putting money in this machine and expecting a profit. Too many people don't know anything about how BTC even works.

this is nothing new. in fact what you are complaining about is not limited to bitcoin. there are lots of assets that have markets filled with "idiots" who are dumping their money in something they don't even understand and expect profit.

for example last year we had a stock market bubble during which a lot of these idiots jumped into the market, some even sold their house to buy stocks thinking they were going to become rich. obviously the bubble popped and they went bankrupt, some even had heart attacks!

Do we just wait patiently, buy the dip over the next year or so, and sell our bags to the next wave of dreamers? I miss the days when BTC was just this interesting internet money that was on the darknet.

bitcoin is still the only decentralized currency and the fact that YOU think of it as a get rich quick doesn't make any difference

[Dragonfund]

This remind of Shiba family. This people are the most blinded investors I have seen in crypto space, they invest on trend either its profitable or not and I ponder where they get these free money from.
It's going to be disappointing if btc go below $30k, I don't k ow how we all going to explain if it's an investment or ponzi scheme that grow at every 4 year cycle of halving. We can only hope but sometimes I dislike volatility in this business.

bitcoin is still the only decentralized currency and the fact that YOU think of it as a get rich quick doesn't make any difference

But some altcoins has been money printer for some folks, meme coins were good ones and bad ones.

[perryxi2]

No matter what bad news or reason, my passion and love for electricity can't be changed by anyone. There are a lot of people telling me that investing in crypto has no future, it's just an illusion aka an inflated bubble. I just believe what I know about the technology and the future of BTC.

[Kittygalore]

I don't know exactly what's my end game in all of this but one thing that I am sure about is that I make the most out of all this while it lasts and everything, that's the beauty of being on crypto, you are racing against an event that is a Schrödinger's cat, it may happen or may not happen.

[South Park]

Hopefully I'm not alone in this thought but what is the end game? The way I see it is that these last few years of price movement is just price speculation. Complete idiots are putting money in this machine and expecting a profit. Too many people don't know anything about how BTC even works.

I just don't get it. Am I just maturing in my opinions of this industry? What is the end game here?

I know what I did, bought low and sold high and moved along. My profits are measured in my local currency, I don't see how BTC will ever fill that void to be universal.

Do we just wait patiently, buy the dip over the next year or so, and sell our bags to the next wave of dreamers? I miss the days when BTC was just this interesting internet money that was on the darknet.

Thanks for reading, would love to hear if anyone else has these thoughts on a daily basis.

The end game was stated by satoshi, bitcoin is to become a currency and it can be used this way right now, however its main use at the moment is as an speculative asset and I can understand why you are frustrated about this, after all when bitcoin was used on those dark markets its main use at that moment was as a currency and not as a trading asset, so I can understand why you are disappointed with the current reality of bitcoin, but eventually we are going to reach the point in which you can use your bitcoin to buy whatever you want no matter where you are but it will take some time.

[Beastty]

Hopefully I'm not alone in this thought but what is the end game? The way I see it is that these last few years of price movement is just price speculation. Complete idiots are putting money in this machine and expecting a profit. Too many people don't know anything about how BTC even works.

I just don't get it. Am I just maturing in my opinions of this industry? What is the end game here?

I know what I did, bought low and sold high and moved along. My profits are measured in my local currency, I don't see how BTC will ever fill that void to be universal.

Do we just wait patiently, buy the dip over the next year or so, and sell our bags to the next wave of dreamers? I miss the days when BTC was just this interesting internet money that was on the darknet.

Thanks for reading, would love to hear if anyone else has these thoughts on a daily basis.

The end game was stated by satoshi, bitcoin is to become a currency and it can be used this way right now, however its main use at the moment is as an speculative asset and I can understand why you are frustrated about this, after all when bitcoin was used on those dark markets its main use at that moment was as a currency and not as a trading asset, so I can understand why you are disappointed with the current reality of bitcoin, but eventually we are going to reach the point in which you can use your bitcoin to buy whatever you want no matter where you are but it will take some time.

I'm not sure I will want a world where Bitcoin is the SOLE method of currency. As an option, I can get with that. I tend to believe that (random number) 50% of value exchanges are done with people who we can't trust to be scammed or to accidentally send a non-reversible transaction. Thats what scares me. One can hope that the new generation can have a higher average IQ to trust with this power.

[Shenzou]

Hopefully I'm not alone in this thought but what is the end game? The way I see it is that these last few years of price movement is just price speculation. Complete idiots are putting money in this machine and expecting a profit. Too many people don't know anything about how BTC even works.

I just don't get it. Am I just maturing in my opinions of this industry? What is the end game here?

I know what I did, bought low and sold high and moved along. My profits are measured in my local currency, I don't see how BTC will ever fill that void to be universal.

Do we just wait patiently, buy the dip over the next year or so, and sell our bags to the next wave of dreamers? I miss the days when BTC was just this interesting internet money that was on the darknet.

Thanks for reading, would love to hear if anyone else has these thoughts on a daily basis.

I personally think that the whole idea of bitcoin becoming a global currency is not going to happen, all the people that invest in it just like you said are in it for the money, they buy low and sell high, bitcoin has become an investment rather than a currency, and this is getting more and more the norme the higher price it reachs where people are just blinded by the opportunity of getting rich from it, and i think we are past the point of no return and we just have to accept this as a fact.

[Shasha80]

Hopefully I'm not alone in this thought but what is the end game? The way I see it is that these last few years of price movement is just price speculation. Complete idiots are putting money in this machine and expecting a profit. Too many people don't know anything about how BTC even works.

I just don't get it. Am I just maturing in my opinions of this industry? What is the end game here?

I know what I did, bought low and sold high and moved along. My profits are measured in my local currency, I don't see how BTC will ever fill that void to be universal.

Do we just wait patiently, buy the dip over the next year or so, and sell our bags to the next wave of dreamers? I miss the days when BTC was just this interesting internet money that was on the darknet.

Thanks for reading, would love to hear if anyone else has these thoughts on a daily basis.

I personally think that the whole idea of bitcoin becoming a global currency is not going to happen, all the people that invest in it just like you said are in it for the money, they buy low and sell high, bitcoin has become an investment rather than a currency, and this is getting more and more the norme the higher price it reachs where people are just blinded by the opportunity of getting rich from it, and i think we are past the point of no return and we just have to accept this as a fact.

I admit that nowadays most people use Bitcoin as an investment, not as a payment. Moreover, there are still many countries that have not
accepted Bitcoin as a means of payment, and with the volatile Bitcoin price, increasingly making Bitcoin desirable as a digital asset. This is
a fact that is happening now, but the future no one knows. So I dare not say the idea of Bitcoin being a global currency is not going to happen,
it just might be, but not to replace fiat. But Bitcoin in the future is likely to be a payment alternative.

[Koro-Sensei]

It is undoubtedly true that bitcoin has now evolved into an investment rather than payment. I have seen a surge of people coming into these sphere trusting bitcoin that it could skyrocket their investment.

Most probably, I can see bitcoin could still be use in the near future. Many projects are coming out for bitcoin utility like SOVRYN. The DeFi for bitcoin.

[jaysabi]

My view is that Bitcoin will slowly continue to gain adoption, but will remain an obscure payment method used as a last resort for people who can't use traditional payment methods for some reasons. Lightning Network's official release would provide a boost to adoption, but it won't turn Bitcoin into a widely adopted global currency, because it also has limitiations, and because it doesn't fix other Bitcoin problems like price volatility.

Just because Bitcoin is not used by everyone and maybe never will, you don't have to be pessimistic and say that Bitcoin is useless. Bitcoin has its own niche, and IMO that already is a success.

I agree with bitcoin never becoming a mainstream payment option. Even within the community, the goalposts have been moved consistently as bitcoin never lives up to the hype. Years ago, we used to talk on these boards about how bitcoin was the perfect micropayments platform, but that went away when fees made it impractical for micropayments. More recently, it’s all about “store of value” and “hedge from inflation” but honestly that’s even a dumber argument since bitcoin is literally thousands of times more volatile than the dollar. It doesn’t store value effectively or hedge against inflation. Bitcoin specifically is pretty poor as an everyday currency, and I don’t see it ever overcoming those things that make it so.

[xSkylarx]

It is undoubtedly true that bitcoin has now evolved into an investment rather than payment. I have seen a surge of people coming into these sphere trusting bitcoin that it could skyrocket their investment.

Most probably, I can see bitcoin could still be use in the near future. Many projects are coming out for bitcoin utility like SOVRYN. The DeFi for bitcoin.

You are correct, and reading your message made me reflect for a moment. When I first started, I believed that the future of bitcoin was for payment, online transactions, or any bitcoin physical store that would accept bitcoins or crypto, but now you are correct, I can see people looking for bitcoin as an investment, and that is my opinion as well, unlike before when I believed it was for online payment. I believe it is because of its price, which is currently extremely high, and virtually everyone knows that if you store bitcoin for several years, you will benefit.

[ethereumhunter]

It is undoubtedly true that bitcoin has now evolved into an investment rather than payment. I have seen a surge of people coming into these sphere trusting bitcoin that it could skyrocket their investment.

Most probably, I can see bitcoin could still be use in the near future. Many projects are coming out for bitcoin utility like SOVRYN. The DeFi for bitcoin.

It is good if bitcoin can be the next investment as people did in their real-life, which uses gold as their investment. With the traditional way into the digital way, bitcoin surely gets its way to know by many people. If it will still be the investment or using for payment, people will try to have bitcoin because, in the future, bitcoin price can increase so high, which makes it people hard to buy with fiat.

[imstillthebest]

no not only your thoughts but all of us have their thoughts changed and it was now matured and the reason for it is because btc got matured too .
before the space btc was moving is only limited but now it have extended .
more people people now think that btc is best for the purpose of investing  but you dont need to follow it . you can still treat btc the old way . its only depend on us if how we use our btc .

[Kong Hey Pakboy]

It is undoubtedly true that bitcoin has now evolved into an investment rather than payment. I have seen a surge of people coming into these sphere trusting bitcoin that it could skyrocket their investment.

Most probably, I can see bitcoin could still be use in the near future. Many projects are coming out for bitcoin utility like SOVRYN. The DeFi for bitcoin.

I think that it's more of an improved but not evolved because evolved implies that it left the early parts of it which didn't happen to bitcoin. I think that we are going to be seeing much bigger increase in the prices in the near future.

[jostorres]

I just don't get it. Am I just maturing in my opinions of this industry? What is the end game here?

I know what I did, bought low and sold high and moved along. My profits are measured in my local currency, I don't see how BTC will ever fill that void to be universal.

Do we just wait patiently, buy the dip over the next year or so, and sell our bags to the next wave of dreamers? I miss the days when BTC was just this interesting internet money that was on the darknet.

I get what you’re trying to say. You’re not the only one that do feel this way at times. Bitcoin has really changed a lot and we are all fighting to make money and get rich through this cryptocurrency market.

It was totally different for me when I got here, and the main thing that attracted me to the community was just so I can use it for transactions, since I was working and had to receive my payment and the easiest to do that was either Payoneer, PayPal, and then… bitcoin. Bitcoin seemed way too cool than the others, and it was fast and costs less, so I had to use it. But things has really changed, and I’m not going to lie about it, that what now interests me most is how I’m going to make money from it. Though I still use it for transactions.

[el kaka22]

Bitcoin is not something that is owned by anyone, or produces anything, there is no product, there is no real value. It is always about me buying some, then waiting for it to go up, then someone else buys from me at higher levels thinking they could wait and sell even higher and it goes like that. This is the nature of crypto which means that the end game will always be people who buy and hope that it goes up, sometimes it falls and makes people lose money but that is fine because that makes sure that we are not a ponzi scheme, there is no guaranteed profit in bitcoin and because of that some people end up losing money, and they have to in order for us to keep going.

I really hope that we could end up making a bit of a profit from here on out but that doesn't mean that the end game is to keep profiting, the end game is to be like gold market or stock market where we go up in the long run, but have downfall time to time in short term.

[Koro-Sensei]

It is undoubtedly true that bitcoin has now evolved into an investment rather than payment. I have seen a surge of people coming into these sphere trusting bitcoin that it could skyrocket their investment.

Most probably, I can see bitcoin could still be use in the near future. Many projects are coming out for bitcoin utility like SOVRYN. The DeFi for bitcoin.

I think that it's more of an improved but not evolved because evolved implies that it left the early parts of it which didn't happen to bitcoin. I think that we are going to be seeing much bigger increase in the prices in the near future.

Yeah, agreed. But the mode of payment using bitcoin was put into shadow by investment sectors. Most institutions hold BTC and sells just like Tesla. They are accepting BTC before, yes but for me its their way to accumulate more and more BTC to hodl.

[leetcoiner]

It seems to me that those about "The End" appear every year. The crypto market has been this way all the time, and it is now.
In fact, over the past 5 years, little has changed, it just became more coins, more variations for speculation, more blockchains, but the very nature of the market, as it was speculative, has remained.
This is not the end, it is not even the beginning.

[Kakmakr]

Why should there be a "End Game" for this experiment? If you use Bitcoin as a currency, it should go on forever.... if you use it for speculation and profit.. it will just loop the "profit" cycle and there will be winners and losers and people waiting for profits.

If merchants start to give discounts for people that pay in Bitcoin ... adoption will increase and this experiment will succeed. (Most merchants can give a little "reward" or "incentive" for people paying with Bitcoin.. because they are saving on Banking fees and handling fees with Fiat) 

The "Never" ending Game will be when EVERYONE are using Bitcoin as a "Currency" 

[Sterbens]

Glad that you've realized how we don't need to formulate the various endings of this game. At least out there are still immature to face the turmoil of changing prices from year to year. Although it sounds very profitable for some traders or investors, we learn a lot from all that we have been through. That way you just need to continue to adapt so that you continue to add confidence in the future, you're not the only one who feels that way.
You are not alone, behind there are still many people who are starting to realize you are right now. No need to worry about Bitcoin's future, as long as you know the movement of investors thinking you will be on a safe path.
When you already know, don't forget to share your thoughts with the cloud, it will really help them in finding their identity as one of the major contributors to the growth of Bitcoin in the future.